RICHARD KOO: Even Talking About Long-Term Deficit Reduction Is Indecent And Irresponsiblehttp://www.businessinsider.com/richard-koo-on-obamas-jobs-plan-2011-9/comments
en-usWed, 31 Dec 1969 19:00:00 -0500Fri, 09 Dec 2016 21:25:01 -0500Joe Weisenthalhttp://www.businessinsider.com/c/4e7249d76bb3f7c71b000013karthagoThu, 15 Sep 2011 14:54:15 -0400http://www.businessinsider.com/c/4e7249d76bb3f7c71b000013
so true..http://www.businessinsider.com/c/4e71aecf69bedd444800004cWasabiThu, 15 Sep 2011 03:52:47 -0400http://www.businessinsider.com/c/4e71aecf69bedd444800004c
Thank you, Mr. Koo, for another spot on analysis! Please visit the White House again and try to persuade our neoliberal president that he ought to study history, which clearly shows that in a balance sheet recession, such as we have now, deficit spending is the only way to grow the economy and thus cut the deficit. Austerity is economic suicide and will only increase the deficit and increase human suffering.http://www.businessinsider.com/c/4e7095d5eab8eadc74000001DohWed, 14 Sep 2011 07:53:57 -0400http://www.businessinsider.com/c/4e7095d5eab8eadc74000001
Koo is right on the money. Most of you can't see past your nose but if you could you would see that once the economy is rolling again we have the revenue to pay our debt off. Cutting back now is a real problem. It's a shame that you, like your leaders, are too short sighted to see this.http://www.businessinsider.com/c/4e700fa3eab8eae76f000006jimmy macthekatanaTue, 13 Sep 2011 22:21:23 -0400http://www.businessinsider.com/c/4e700fa3eab8eae76f000006
In honor of Mr KOOKOO I renamed myself. Just as he is attempting to rename the failure of Japan to emerge from the doldrums as a triumph of Qunatitative Easing I can counter with debasing your currency to sell more to trading partners who cheat on manufacturing supports ALA China results in a race to the bottom. Of course bottom feeders like KOOKOO and Barney (Beans N) Franks as well as the CONgressional contingent of ranting and raving lefty lunatics chorusing for B Hussein can only maintain their dignity at someone elses expense. Yeah like taxes and investments. Makes one wonder how much saki those boyz at Namura are drinking during lunch hours.http://www.businessinsider.com/c/4e6fe331ecad04291600000bDIODE25Tue, 13 Sep 2011 19:11:45 -0400http://www.businessinsider.com/c/4e6fe331ecad04291600000b
PRINT MO MONEY
STEAL THE VALUE OF ALL PRE_EXISTING CURRENCY!
SPEND IT ON BOMBS AND BRIDGES!
then it will be..... a utopia!
weee i'm and economisthttp://www.businessinsider.com/c/4e6fb1396bb3f76f7b00000aTea stains your teethTue, 13 Sep 2011 15:38:33 -0400http://www.businessinsider.com/c/4e6fb1396bb3f76f7b00000a
We own most of our own debt. Not China or anyone else. WORD to Koo! I see the Tea Party has a plan........well to attend debates and rattle off history that never happend or worry about taxes, that are lower than under Reagan and Koo is the idiot here LOL!!! Sure have another drink! CHeck the latest poverty stats. Highest in the RED STATS AGAIN :)http://www.businessinsider.com/c/4e6fa53f6bb3f7b45f00001dmtnfireguyTue, 13 Sep 2011 14:47:27 -0400http://www.businessinsider.com/c/4e6fa53f6bb3f7b45f00001d
What Koo says is totally short-sighted. We have dug ourselves a deep hole of debt. Going deeper into debt has already done nothing to improve the situation. Repeating the mistake of the last stimulus bill will only make things worse (as the last stimulus did).
These so-called solutions are simply the butcher's fat thumb on the scale, making the statistics look better, without any more meat on the scale.http://www.businessinsider.com/c/4e6fa478eab8ea5657000013wallyfurthermoreTue, 13 Sep 2011 14:44:08 -0400http://www.businessinsider.com/c/4e6fa478eab8ea5657000013
What Koo says is only correct if you give a damn about people. Once you get past that, you can pretty much act like a sociopath... which you are.http://www.businessinsider.com/c/4e6fa16969beddb96800000cmarch21Tue, 13 Sep 2011 14:31:05 -0400http://www.businessinsider.com/c/4e6fa16969beddb96800000c
There will never be any trade barriers. because US corporations don't want them. US corporations own US politicians.
Devaluing the dollar is the next best thing. US labor will become competitive again and young Americans can once again find employment. Granted, older savers like me will be hurt, but that's the only solution.http://www.businessinsider.com/c/4e6f95486bb3f7ef3d000034krypticTue, 13 Sep 2011 13:39:20 -0400http://www.businessinsider.com/c/4e6f95486bb3f7ef3d000034
We need to Federal Government to sensibly inject stimulus into the economy, though there's a lot of stimulus available which doesn't require much spending.
We also need the Federal Government to commit to switching from deficit to surplus as the economy improves. We should have a national target of a 2% surplus shortly after unemployment drops back to around 5%.http://www.businessinsider.com/c/4e6f9540ecad040037000037Sharn cedarTue, 13 Sep 2011 13:39:12 -0400http://www.businessinsider.com/c/4e6f9540ecad040037000037
Without trade barriers, wages and standard of living will equalize between two countries. Immutable, inescapable law of economics. Standard of living in China and India, today, is still much, much worse in India and China than the United States. Conclusion - standard of living in US will continue to fall rapidly, with the symptoms being things that appear like "recessions" to the very stupidest Koo-Koos.
In light of this, Koo-Koo is a dangerous and destructive advisor. What we need are trade barriers. What he is advocating is voodoo spending to remove the symptoms of our ever worsening balance sheet. No amount of short-term spending can affect the underlying fundamentals of globalization - in the absence of trade barriers, per capita earning and productivity will equalize over time. Making us overall 3 times poorer than say China. Making our ridiculous government spending even less affordable.
Does Koo-Koo really not understand globalization and the effects of "free trade"? Or is he some kind of paid liar, trying to distract us with false ideas just a little longer. We need trade barriers, trade policy, trade war now. We need to win the trade war. Nothing anyone does means anything unless we end free trade with poorer countries.http://www.businessinsider.com/c/4e6f9482ecad04af30000031MaxTue, 13 Sep 2011 13:36:02 -0400http://www.businessinsider.com/c/4e6f9482ecad04af30000031
Preach it, brother Koo.
The deficit worrywarts are only making the deficit larger in the long run.http://www.businessinsider.com/c/4e6f9361ecad046638000022Big BearTue, 13 Sep 2011 13:31:13 -0400http://www.businessinsider.com/c/4e6f9361ecad046638000022
Here's the problem: There is ALWAYS a "reason" to spend more now and put fiscal discipline off until later.http://www.businessinsider.com/c/4e6f92f2ecad04b13000002belmoTue, 13 Sep 2011 13:29:22 -0400http://www.businessinsider.com/c/4e6f92f2ecad04b13000002b
Taking financial advice from Keynesian fools like Richard Koo is like a patient in the ICU asking Dr. Kervorkian for his recommended therapy.http://www.businessinsider.com/c/4e6f8fefecad04a73000001bbucketheadTue, 13 Sep 2011 13:16:31 -0400http://www.businessinsider.com/c/4e6f8fefecad04a73000001b
I HATE AGREEING WITH STOCK CREEPER!